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Podcast
Podcast: Trends Shaping the Industry
With the holiday season well under way, the Rapaport Diamond Podcast debates different trends taking shape in the retail space. The discussion spans personalization, omnichannel, effective storytelling, being more open-minded, and...
Retail Dec 12, 2019 Rapaport News
Jwaneng
De Beers Lowers 2020 Production Forecast
De Beers has reduced its production outlook for next year and beyond amid uncertainty about the health of the diamondmarket.The miner now expects to recover between 32 million and 34million carats in 2020, compared to its...
Mining Dec 11, 2019 Rapaport News
Bruno Scarselli
Can Nanotechnology Save the Diamond Trade?
It’s not easy for a diamantaire to compete in the emerging diamond-traceability market, admits Bruno Scarselli, a New York-based supplier of fancy-color diamonds. As the likes of De Beers, the Gemological Institute of America (GIA) and others roll out...
Technology Dec 09, 2019 Avi Krawitz
Christie's Paris
Christie’s Garners $7M at Paris Auction
Christie’s brought in $6.9 million from its Fine Jewels salein Paris, with a fancy orangey-pink diamond ring fetching more than eight timesits high estimate. The old-cut, 6.32-carat, type IIa, VS2-clarity diamond wasthe...
Polished Markets Dec 08, 2019 Rapaport News
De Beers sightholder
De Beers Ends Special Supply Measures
Rough-diamond buyers are anticipating an improvement insales at next week’s De Beers sight, as the miner is withdrawing concessions that allowed clients to reject goods. De Beers will revert to its standard rules limiting sightholders’ abilityto refuse or defer...
Rough Markets Dec 05, 2019 Joshua Freedman
Press Release
Diamond Market More Optimistic
RAPAPORT PRESS RELEASE, December 3, 2019, Las Vegas … Sentiment in the diamond industry improved amid rising expectations for the holiday season. A rallying stock market fueled optimism as the Dow average climbed 3% in November, and...
Polished Markets Dec 03, 2019 Rapaport
Tiffany
LVMH Sees Value in Tiffany’s Diamond Sourcing
A storied past and popularity as a brand might bethe first things that would attract a potential suitor to Tiffany & Co. ButLVMH has identified another key attribute that made the US jeweler a valuabletarget: its ability...
Retail Nov 28, 2019 Joshua Freedman
MR
Rapaport Sees Opportunity for Dealers Amid Turmoil
In 2100,the diamond industry will look vastly different from its current makeup, MartinRapaport assured diamantaires at the recent Antwerp Rough Diamond Days event. Mostnotably, it will be less influenced by the mining companies as demand dynamicsincreasingly...
Polished Markets Nov 26, 2019 Avi Krawitz
Phillips
Phillips Garners Nearly $10M at Hong Kong Auction
Phillips’s Hong Kong sale brought in $9.6 million, with a ruby ring standing out as one of the top-selling items, the auction house said Tuesday. The 5.22-carat pigeon’s blood Burmese ruby and diamond ring...
Polished Markets Nov 26, 2019 Rapaport News
lab-grown diamond committee 150
CIBJO Creates Committee on Lab-Grown Diamonds
The World Jewellery Confederation (CIBJO) has votedto establish a lab-grown diamond committee that will determine rules for the synthetics sector. The CIBJO board approved the move at the confederation’s 2019 congress in Bahrain,...
Polished Markets Nov 21, 2019 Rapaport News
Phillips Tiffany Blue 150
3ct. Blue Diamond to Lead Phillips Sale
Phillips will feature a blue diamond ring by Tiffany & Co. at its upcoming New York Jewels auction, expecting it to fetch up to $2.5 million. The cut-cornered square modified brilliant-cut, 3.02-carat,fancy-intense-blue, VS2-clarity diamond ring will lead...
Polished Markets Nov 21, 2019 Rapaport News
Orapa De Beers
De Beers Announces 2020 Sight Schedule
De Beers has released the dates of the 10 sights it willhold in Gaborone, Botswana, next year. The miner sells around 90% of its roughat those sales, with the rest available at auctions. The January sight will...
Rough Markets Nov 18, 2019 Rapaport News
Analyzing rough at KGK Botswana
Rough Market Picks Up at De Beers Sight
De Beers’ November sales totalled $390 million, the highest for five months, as the roughmarket stabilized and the miner reduced prices to trigger demand.Proceeds from the ninth sales cycle fell 12% compared with...
Rough Markets Nov 13, 2019 Joshua Freedman
Dubai Conference Lab Grown Panel
Synthetics vs. Natural: The Battle over Value
In a jam-packed program, the Dubai Diamond Conference set the stage well for its main bout: finally, a match-up between the lab-grown and mined diamond producers. At its core, the debate among panelists in the...
Polished Markets Nov 13, 2019 Avi Krawitz
De Beers sightholder office
De Beers Sightholders Embracing Synthetics
Few in the diamond industry were surprised by the news that Rosy Blue chief Dilip Mehta had launched an independentlab-grown business. It’s been an open secret for months that majormanufacturers of natural diamonds have been...
Polished Markets Nov 12, 2019 Joshua Freedman
Podcast banner
Podcast: Why Bridal’s Not Enough
The Rapaport Diamond Podcast interviewed Stephen Lussier, De Beers’ vice president, consumer and brands, after the company published its annual Diamond Insight Report.Lussier outlines the key takeaways from the report, titled...
Marketing Nov 07, 2019 Rapaport News
De Beers rough
De Beers Reduces Prices at November Sight
Sightholders welcomed De Beers’ decision to lower pricesat this week’s rough-diamond sale, but noted that further discounts werenecessary to improve profits in the manufacturing sector. The company reduced prices of higher-end goods by 5% to7% at this week’s...
Rough Markets Nov 06, 2019 Joshua Freedman
Alrosa rough
Diamond Market Improves as Holidays Approach
RAPAPORT PRESS RELEASE, November5, 2019, Las Vegas … Diamond trading improved in late October after variousJewish, Indian and Chinese holidays. Dealers are focused on filling holidayorders as US jewelers prepare inventory for the season. Shortages...
Polished Markets Nov 05, 2019 Rapaport
De Beers bridal collection
De Beers Lowers Global Diamond-Jewelry Estimate
De Beers has restated its estimation of global diamond-jewelry sales following a new study valuing the diamond content in jewelry purchases since the 2008 recession. The group also revised its production data to reflect lower...
Retail Nov 04, 2019 Avi Krawitz
Dubai Conference Tech Panel
Diamond Manufacturers Must Brace for Automation
Imagine the following: A diamond-mining company operating with self-driving trucks loads its haul of ore to the processing plant, where rough diamonds are separated from waste and arranged in their rough forms into different...
Manufacturing Oct 31, 2019 Avi Krawitz
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